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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share

The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
Basic Earnings per Share    2018      2017      2018      2017  

Net income

   $ 16,724      $ 12,105      $ 26,148      $ 18,985  

Less: Income distributed to participating securities

     (513      (178      (584      (348

Less: Undistributed income allocable to participating securities

     (1,101      (19      (999      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common stockholders

   $ 15,110      $ 11,908      $ 24,565      $ 18,637  

Weighted average common shares (in thousands)

     149,056        134,557        142,230        134,472  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.10      $ 0.09      $ 0.17      $ 0.14  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
Diluted Earnings per Share    2018      2017      2018      2017  

Net income

   $ 16,724      $ 12,105      $ 26,148      $ 18,985  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted Average Diluted Shares (in thousands):

           

Weighted average common shares

     149,056        134,557        142,230        134,472  

Dilutive effect of common stock equivalents

     14,290        1,017        7,749        1,141  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average diluted shares

     163,346        135,574        149,979        135,613  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 0.10      $ 0.09      $ 0.17      $ 0.14